Cerberus’s Three Heads on the Block?

Cerberus is responding to threats from the massive CalSTRS retirement fund, a public employees’ retirement fund which manages its investments primarily for political and social reasons, to disinvest its large stake in Cerberus. (How large? Three Quarters of a Billion large).

The rapid growth of the sector has led Cerberus’s financial results for years. Freedom Group’s 2012 results to date are well over $100 milion higher than the same period in 2011.

Freedom Group includes many of the most recognizable names in guns, including Bushmaster, Parker, Remington, Marlinm H&R 1871, and lesser known one such as Daota Arms, ParaUSA, DPMS /Panther, silencer maker Advanced Armament, and most recent acquisition Tapco among others.

Post navigation

2 thoughts on “Cerberus’s Three Heads on the Block?”

I wonder how many people counting on that retirement fund realize how badly under funded it is, and how blatantly they’re being screwed. Whichever actuarial firm (assuming they had to hire one, and don’t get to arbitrarily set whatever they want) did those analyses should be sued for malpractice, even if they were heavily pressured to do so (which I’m sure they were). Well, at least they aren’t using the CPI for their assumed wage inflation rate…

Underfunding is pretty typical for public pensions. The feds don’t fund their defined benefit pensions at all, just pay as they go. State and muni type pensions don’t have to meet the standards private defined benefit pensions must. So they get audited but all the auditors can really say is, “yeah, these are the numbers they say work, and these are the actuarial assumptions they base them on.” completing the sentence with, “and those assumptions must come out of a crack pipe” is left as an exercise for the reader!

Comments are closed.

Search for:

About WeaponsMan

WeaponsMan is a blog about weapons. Primarily ground combat weapons, primarily small arms and man-portable crew-served weapons. The site owner is a former Special Forces weapons man (MOS 18B, before the 18 series, 11B with Skill Qualification Indicator of S), and you can expect any guest columnists to be similarly qualified.

Our focus is on weapons: their history, effects and employment. This is not your go-to place for gun laws or gun politics; other people have that covered.

Why WeaponsMan?

A lot of nonsense is written about weapons, especially on the Net. Rather than rail at the nonsense, we thought we'd talk sense instead, and see how that catches on.